Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
Rockwell Diamonds posted a loss of $5.3 million for the fiscal year ending February 28, 2011. The decreased loss comes as revenues increased by 43% to $43.5 million.
Part of Rockwell’s improved revenues is attributed to rising rough diamond prices in the global market. The miner’s average price grew by 35% to $1,365 p/c.
